Interactive Information Reduces The Clients’ Lawsuit Publicity

Interactive Data’s SSN driven FDCPA/TCPA litigation database, in partnership with FDCPA Situation Listing Service, proactively identified more than 1.five million litigants for his or her customers this year, lowering their exposure to prospective FDCPA/TCPA litigation defense expenses by more than $4.7B for that year. John Schaeffer, managing member of Interactive Information, LLC stated “Our proprietary matching computer software is designed to satisfy the difficulties of accurately identifying the litigant for the customers in support of identifies types of litigation which might be specific towards the collections industry”.

FDCPA Litigation is a reality of life for each collection agency, debt buyer and creditor rights attorney. Situation totals for 2010 reached 10,188, representing an overall total of 11,020 Plaintiffs in Usa District Courts.

2011 marks the fifth anniversary for FDCPA Situation Listing Service. Additionally, Interactive Information has approached both year anniversary of it’s partnership with FDCPA Case Listing Service. The premise for producing this partnership / product was simple; offer collection agencies and law firms having a tool that could help them successfully and effectively identify debtors which have filed this type of litigation within the past. Bill Pinkney, founder of FDCPA Case Listing Service, stated “Interactive Data’s SSN driven product provides the capacity for ARM firms to positively identify these litigants within their database. Our team’s manual case research combined with Interactive Data’s proprietary software program is providing hard match rates for their customers more than three to four times the business typical.”

About Interactive Data
Interactive Information, LLC (ID) will be the business leader in locating and identifying individuals which are typically difficult to find. Located in Atlanta, GA, ID offers a number of search products, including Social Security, Active Duty, Actual Estate Listings, POE & Banking account Information, FDCPA Scrubs, Death Index, and Bankruptcy listing searches, as well as Information Warehousing and cost-efficient unmask-pricing for Directory Assistance. Leveraging more than Half a century of collections industry experience, ID creates relevant, customer-focused searches which are both comprehensive and economical. Each of these products work seamlessly with ID’s advanced online and batch items. Interactive Information applications serve the collections, healthcare, financial, debt-buying and cable industries as well as police force and government applications. For more information, please visit www.id-info.com, or call 678.584.5252 or toll free at 866.584.2295.

About FDCPA Case Listing Service, LLC
Founded in 2007, FDCPA Case Listing Service could be the premier company providing consolidated study tools designed exclusively for collection agencies, debt buyers, and creditor rights law firms. Searchable databases are designed to capture FDCPA and TCPA litigation within the US District Courts in the Usa. These tools are used to mitigate risk, manage compliance initiatives, and provide a centralized reference database. To learn more, please visit www.fdcpacases.org

BofA Says Fannie Deal a ‘Necessary Step’ in Housing Recovery

Bank of America Corp. mentioned its $2.8 billion in accords with Fannie Mae and Freddie Mac, the government-owned firms pushing lenders to repurchase soured mortgages, would be a “necessary step” in the housing recovery.

The biggest U.S. bank by assets announced Jan. three that it had “largely addressed” liabilities in the two mortgage- financing firms by paying Fannie Mae $1.5 billion and giving Freddie Mac $1.three billion. The agreements may have shortchanged the U.S. government, which took over the two firms in a 2008 rescue, Representative Maxine Waters mentioned late yesterday.

“Our agreements with Fannie Mae and Freddie Mac are a crucial step toward the best recovery of the housing market,” Jerry Dubrowski, a spokesman for that Charlotte, North Carolina-based bank, mentioned right now in an e-mail. “We have taken a leadership role in answering the housing crisis.”

Fannie Mae and Freddie Mac had been trying to recoup losses on mortgages they bought that they say had been made up of faulty information, which includes details about borrowers’ income and home values. Bank of America received a lot more than $21 billion in demands to buy back loans from the two firms. The financial institution surged 6.4 percent, its biggest grow in practically eight months, in New York trading on Jan. three after announcing the settlements.

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Encore Capital Group Selects MSLGROUP as its Global Public Relations Agency of Record

MSLGROUP is really a speciality communications and engagement group that’s among the world’s 5 best PR and events networks. With more than 2,500 people, its offices span 22 countries and cover just about any discipline required for clients to engage creatively with their audiences 24 hours a day.

Encore Capital Group is a leader in personal debt buying and recovery. The organization purchases portfolios of defaulted consumer receivables from banks, credit unions, consumer finance companies, commercial retailers, car loan lenders and telecommunication companies and manages them by partnering with folks as they repay their obligations and work toward financial recovery.

MSLGROUP was announced today that is would be the agency selected of record for the Encore Capital Group, Inc. 

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